Employer Overtime Payment Rules

Summary

In Israel, employers are required to pay 125% of the regular hourly wage for overtime hours 9-12 and 150% for hours 12+. Work on the weekly rest day, typically Saturday, is compensated at 150% of the regular hourly wage. The Ashdod Port case is a key precedent, mandating an additional rest day if an employee works on their designated rest day. For CEO resignation in public companies, immediate reporting to the Israeli Securities Authority and Tel Aviv Stock Exchange is required. Consult a local attorney for specific advice.

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What is the obligation of employer to pay an employee for an extra hours he made in Israel
In Israel, according to the Hours of Work and Rest Law:
- Overtime (hours *-*): Paid at *% of regular hourly wage.
- Further overtime (hours *+): Paid at *% of regular hourly wage.
Please consult a local labor attorney for specific advice.
What about work on Saturday?
In Israel, according to the Hours of Work and Rest Law:
- Work on the weekly rest day (usually Saturday): Paid at *% of the regular hourly wage.
- If the employee is required to work on the weekly rest day, the employer must pay for a substitute rest day.
What is the main precedent on this subject?
The main precedent in Israel for work on rest days is the "Ashdod Port case." This Supreme Court ruling states that employers must provide an additional rest day if an employee works on their designated rest day. Please consult a local labor attorney for further clarification.
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What are the rules for report an immediate report for a public company regarding resignation of the CEO of the company
Hello ****,
In the United States, a public company must:
- Report the resignation of a CEO through a Form *-K filed with the Securities and Exchange Commission (SEC) within * business days.
- Notify the stock exchange where the company's shares are traded.
Please consult a local corporate attorney for specific advice.
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In Israel, a public company must report a CEO's resignation to the Israeli Securities Authority and Tel Aviv Stock Exchange shortly after the event. The exact timing isn't stipulated, but it should be "as soon as possible". Please consult with a local corporate attorney for specific advice.